Podcast overview
KPMG professionals discuss ASC 848 and the relief that may be available when accounting for the transition away from LIBOR and other interest rates that are expected to be discontinued.
Applicability
- Companies with contracts or hedging relationships that reference an interest rate that is expected to be discontinued (e.g. LIBOR)
Podcast contents
- 00:50 - Reference rate reform summary
- 03:55 - Optional accounting relief
- 10:15 - Example of applying relief
- 14:50 - Sunset (end) date for relief
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